#Sol $DOGE #btc You don't need $30,000 to start day trading. If I only had $1000 to trade with, here's what I would do:.
1. Stick to a simple trading plan
First, I'd create my trading strategy. This includes the setups and stocks I'll trade, along with my sizing and risk per trade.
2. Set realistic goals
I'd focus on making gradual progress on the account. With proper sizing and risk management, aiming for $100-$150 a week is a good goal with $1000.
3. Focus on consistency
I'd stick to my plan every day, regardless of the outcome. Even if the gains are small, I'll prioritize consistency in the long run over quick money now...
4. Scale slowly
Once I achieve consistent profits with my current plan and sizing, I'll slowly increase my size to boost my profits. But I'll also be prepared for larger losses as I scale up.
5. Be persistent
Trading isn't easy, and you'll face many setbacks on the road to success. You need to be able to bounce back and keep going, no matter how tough it gets. 💰🏆.
Disclaimer: Contains third-party opinions. Not financial advice.